Starbucks Corp (SBUX.O)
23 Jan 2017
Fri, Dec 16 2016
BRUSSELS Europe's top court will decide next week on Spanish tax breaks for foreign takeovers in a ruling that may give clues as to how judges will deal with more complex tax cases involving Starbucks and Apple .
Peet's Coffee & Tea, a longtime rival to Starbucks Corp , said on Friday it will invest $58 million to open a new coffee roasting facility in Suffolk, Virginia, to support its expanding business in an increasingly competitive environment.
LOS ANGELES/NEW YORK Starbucks Corp Chief Executive and co-founder Howard Schultz's plan to build a new prestige brand is a bet that moving upscale can raise the profile of the world's largest coffee brand with millennials like Megan Sauers.
Starbucks Corp unveiled a five-year growth plan, under which it would open more stores around the world, including several high-end coffee shops, while targeting annual revenue growth of 10 percent.
Starbucks Chief Executive Howard Schultz's decision to step down is unlikely to hamper growth at the world's biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. | Video
Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive.
Starbucks Corp reported better-than-expected quarterly results on Thursday, as sales in the U.S.-dominated Americas region soothed concerns that the world's biggest coffee seller had succumbed to a broader restaurant slump.
Nov 3 Starbucks Corp reported better-than-expected quarterly results on Thursday, as sales in the U.S.-dominated Americas region soothed concerns that the world's biggest coffee seller had succumbed to a broader restaurant slump.
* Starbucks Corp - board of directors approves 25% increase in quarterly dividend to $0.25 per share Source text for Eikon: Further company coverage:
NEW YORK Starbucks Corp has locked in two-thirds of its fiscal 2017 coffee needs and expects prices will be "a little" favorable, but likely offset by foreign exchange pressures, Chief Financial Officer Scott Maw said on Thursday.